Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[Heater]

Have any of you guys used Blockfi to get paid interest on some of your hodl stash?  Very intrigued by this and wondering what the downsides are besides the obvious "not your keys" risk.

I looked into blockfi.  I think Celsius.network is a better outfit, I've been earning some decent retirement income on a percentage of my btc stash as I await the next mooning, for about 6 months now.

Also getting a nice dividend every week of over 10% on my usdc with celsius.network.  Very stable and predictable.  Can't get that kind of interest rate many other places.

That's all peachy, but where exactly these "insane" rates that are being paid are coming from?
IMHO, some of these companies are ponzi and/or re-hypothecate their holdings.
How to calculate the probability of their default?
I don't know, hence I don't participate.

This. It might be un-sexy, oldschool or whatever, but if I don't understand their business model, it's likely a scam to me. All the offers I considered turned out to be scams in the end. Not that I've considered them all, but 100% is 100%.

Now, every such scam needs a grace period to build trust. It makes little sense to go for a, say, 2M$ hit when just a little wait can get you 100M$ instead. Make the suckers happy until the day you exit. They won't even know what hit them.

Be wary and ready. If it's like I am afraid it is, he who runs first wins.

I would stay away as well.

Now if your objective is to risk your Bitcoins to make more Bitcoins, you are better off moving some to Bitmex, wait for a dip and buy some perpetual contracts with little or no leverage, and sell when the price goes up. It's easy pickings in this bull market. Not recommended when the market is going down or if you are the emotional type.....

[JayJuanGee]

Bitcoin Price in this day



Anybody, quote, please ...

Ah ha!!!!

I browsed ahead... no body quoted your post.....

So I did it... 

Nothing wrong with that information for dee WO peeps.   

[Toxic2040]

late night charts

#dyor

1h


4h


D


W

#stronghands


A haiku that speaks
Grabing your mind and lifting
Heart, and seeing soul
        #haiku

[Heater]

my first attempt at #haiku

kaeru in his pond
we can hear him sing a rhyme:
fortune will return

[AlcoHoDL]

Stuck at $19k...
Bank gives me .3%
Don't I know nuttin'?

#fiatsuckshaiku

[OutOfMemory]

0.3 still good
it's one 8th of a percent
at banks around here

[ElBinBit]

Good morning WO...

Bitcoin Price in this day... 14 December


What do you think, What is the probability that we will meet the same price in 1 day?

[d_eddie]

Positive interest
from your money in the bank
people do complain





#haiku

[Globb0]

it's a fallacy, there is no such fucking thing as intrinsic value, it doesn't exist. See subjective theory of value

... and then maybe ponder for a while how it is the the human brain that "endows" things with value, that were previously without such a property, i.e. not intrinsic.

Agreed, things are valuable because of our subjective view and many times this depends on what we can do with them, a perfect and modern example of this was oil, for thousands of years farmers excavated in order to try to find underground water and cursed their luck when they found oil, why? Because we could do nothing with it and as such it was not valuable, but then we learned how to do something with it and farmers went from cursing their luck to dance in happiness when they found oil.

Another good example of subjective value and how it changes depending on our circumstances is a bottle of water and 10k dollars in a bank account, a bottle of water is not very valuable if you are in a city and the 10k dollars will be of more use in those circumstances, but if you are lost in the desert then the value of that bottle of water increases dramatically while the 10k dollars in your bank account become useless during those circumstances.

... nice examples. Demonstrates that value is dependent on the spatial location and temporal situation of the human ... i.e. not intrinsic to the objects.

Like cigarettes in a prison, oxygen at the top of a mountain, water in a desert, fuel for someone who does/doesn't have an engine, etc, etc,

For 10k you can get someone to carry your water bottle

[ElBinBit]

it's a fallacy, there is no such fucking thing as intrinsic value, it doesn't exist. See subjective theory of value

... and then maybe ponder for a while how it is the the human brain that "endows" things with value, that were previously without such a property, i.e. not intrinsic.

Agreed, things are valuable because of our subjective view and many times this depends on what we can do with them, a perfect and modern example of this was oil, for thousands of years farmers excavated in order to try to find underground water and cursed their luck when they found oil, why? Because we could do nothing with it and as such it was not valuable, but then we learned how to do something with it and farmers went from cursing their luck to dance in happiness when they found oil.

Another good example of subjective value and how it changes depending on our circumstances is a bottle of water and 10k dollars in a bank account, a bottle of water is not very valuable if you are in a city and the 10k dollars will be of more use in those circumstances, but if you are lost in the desert then the value of that bottle of water increases dramatically while the 10k dollars in your bank account become useless during those circumstances.

... nice examples. Demonstrates that value is dependent on the spatial location and temporal situation of the human ... i.e. not intrinsic to the objects.

Like cigarettes in a prison, oxygen at the top of a mountain, water in a desert, fuel for someone who does/doesn't have an engine, etc, etc,

For 10k you can get someone to carry your water bottle

I'm ready! Where to go? Where are you, My Moses?

[600watt]

2017 ATH we only had 1 daily average above 19k and only 2 daily averages above 18k

this time we had so far 7 daily averages above 19k and 12 daily averages above 18k

that is 3 days during December 2017 in contrast to 19 days currently.


question to WO TA experts:

does this still resemble a potential double top?  are there rules on how many candles can be counted to form a double top? we have been up there only 3 days before, but now ist almost 3 weeks. can it be even compared?

[Icygreen]

YouTube and Gmail down, hackers in the treasury, BTC  couldn't give a fuk
Stay frosty fam

[friends1980]

Shouldn't we have threads,
Where we only use haikus
To communicate?

[OutOfMemory]

Shouldn't we have threads,
Where we only use haikus
To communicate?

not a bad idea.
so let's change the title to
haiku observer?

 

[bitserve]

it's a fallacy, there is no such fucking thing as intrinsic value, it doesn't exist. See subjective theory of value

... and then maybe ponder for a while how it is the the human brain that "endows" things with value, that were previously without such a property, i.e. not intrinsic.

Agreed, things are valuable because of our subjective view and many times this depends on what we can do with them, a perfect and modern example of this was oil, for thousands of years farmers excavated in order to try to find underground water and cursed their luck when they found oil, why? Because we could do nothing with it and as such it was not valuable, but then we learned how to do something with it and farmers went from cursing their luck to dance in happiness when they found oil.

Another good example of subjective value and how it changes depending on our circumstances is a bottle of water and 10k dollars in a bank account, a bottle of water is not very valuable if you are in a city and the 10k dollars will be of more use in those circumstances, but if you are lost in the desert then the value of that bottle of water increases dramatically while the 10k dollars in your bank account become useless during those circumstances.

... nice examples. Demonstrates that value is dependent on the spatial location and temporal situation of the human ... i.e. not intrinsic to the objects.

Like cigarettes in a prison, oxygen at the top of a mountain, water in a desert, fuel for someone who does/doesn't have an engine, etc, etc,

For 10k you can get someone to carry your water bottle

In fact, no.... Not even for millions... depending on location/circumstances. No matter if its intrinsic value is almost negligible.

Scarcity (supply) combined with need (demand) will always have way more influence in PRICE than any "intrinsic value" (which is only ONE factor of both supply and demand)  theoretical bullshit.

[d_eddie]

Shouldn't we have threads,
Where we only use haikus
To communicate?

not a bad idea.
so let's change the title to
haiku observer?

 

It's going to be hard
hyperbitcoinization
longest word that fits




#haiku

[friends1980]

Shouldn't we have threads,
Where we only use haikus
To communicate?

not a bad idea.
so let's change the title to
haiku observer?

Let's start a new thread
A huge step towards World Peace
A gift for Christmas


Am I the only one who's using his fingers to count these syllables? #nohomosimplyilliterate

[xhomerx10]

Shouldn't we have threads,
Where we only use haikus
To communicate?

not a bad idea.
so let's change the title to
haiku observer?

 

It's going to be hard
hyperbitcoinization
longest word that fits




#haiku

 Guys. That is two fails.
In only the first two tries.
Better give up now.

[SATWAT]

YouTube and Gmail down, hackers in the treasury, BTC  couldn't give a fuk
Stay frosty fam

Good thing now we are back and good as we was.

[Karartma1]

Man, anything below $20k is so boring...

#spoiledhodlers

That's why you don't see me around that often. Another reason is the life out of btt which is calling hard.
Go BTC go